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February 26, 2024, 12:14 pm

Lugang Technology to invest US$ 23 million in Ishwardi EPZ

  • Update Time : Thursday, November 17, 2022

Staff Reporter Dhaka : Lugang Technology (Bangladesh) Limited, a Hong Kong (China) owned company is going to establish a textile industry in Ishwardi Export Processing Zone (IEPZ).

This fully foreign owned company will invest US$ 22.99 million where 3182 Bangladeshi nationals will get employment opportunities. The company will produce annually 5,100 tons raw & dyed yarn.

Mr. Ali Reza Mazid, Member (Investment Promotion) of BEPZA and Mr. Ding Feng, Vice General Manager of Lugang Technology (Bangladesh) Limited signed an agreement to this effect on behalf of their respective organizations today (16-11-2022) at BEPZA Complex, Dhaka. BEPZA Executive Chairman Major General Abul Kalam Mohammad Ziaur Rahman, ndc, psc witnessed the agreement signing ceremony.

Among others, Member (Engineering) Mohammad Faruque Alam, Member (Finance) Nafisa Banu, Executive Director (Administration) Md. Zakir Hossain Chowdhury, Executive Director (Investment Promotion) Md. Tanvir Hossain and Additional Executive Director (Public Relations) Anwar Parvez along with representatives of the enterprise were present during the signing ceremony.

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